RICE
RICE is a Texas gas lease in Tyler County, Railroad Commission district 06, operated by Ergon Energy Partners, L.P. It has 1 wellbore on file with the Commission. Reported production runs from August 2007 to August 2026, totalling 1,943,085 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $499K, with roughly $89K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 2,120 thousand cubic feet a month. Its strongest month on the record we hold was January 2024, at 6,615 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about RICE
- Who operates RICE?
- RICE is operated by Ergon Energy Partners, L.P., Railroad Commission of Texas operator number 253347.
- Where is RICE?
- RICE is a Texas gas lease in Tyler County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 230924.
- Is RICE still producing?
- RICE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICE is August 2026.
- How much has RICE produced?
- RICE has reported 1,943,085 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2007 and August 2026, from 1 wellbore.
- How much is RICE worth?
- The remaining production from RICE is estimated to be worth about $499K in total as of 26 August 2026, within a range of $414K to $584K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICE is a fraction of it. The estimate fits an Arps decline curve to the production RICE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICE is an estimate of value, not an offer and not an appraisal.
- How much income does RICE generate in a year?
- RICE is forecast to net about $89K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RICE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ergon Energy Partners, L.P. |
|---|---|
| Field | Brookeland (Austin Chalk, 8800) |
| County | Tyler County, Texas |
| RRC district | 06 |
| Lease number | 230924 |
| Wellbores | 1 |
| Reported production | 1,943,085 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $499K |
Where RICE sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.